How long does it take for a Student Loan to go into default and how will you know?
Wednesday, June 1st, 2011 at
12:02 pm
How many months/years does it take for you to miss payments for your student loan to go into default? And how will you know its in default will they send you a letter?
Tagged with: student loan
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you have to start paying back your loans 6 months after you get done with school.
and if you miss nine payments in a row at any time then your loans go into default
you can make one payment any time in that 9 months to stop it form going into default
then go back to not paying it of you want too.
they will call you
they will write you letters
they will call people you know
they will call your parents
if your parents names is on the student loan papers they will write your parents a letter too
you can go to http://www.NSLDS.ed.gov and click on the financial aid review then you will need to accept on the next two pages then place your information which is your SS number, first two characters of your last name, your DOB and then your 4 digit pin number ( the number you signed your FAFSA with, if you don’t remember this go to http://www.pin.ed.gov and request a duplicate) The NSLDS website will tell you if you are in default or not.